The SEC is accusing Binance of selling illegal securities, a factor that has spooked the crypto market. Bitcoin (BTC) has lost the $26k mark, an indicator that bears are firmly in control. This has also put pressure on Ethereum (ETH) and other top 100 altcoins, which are now increasingly bearish.
Interestingly, crypto presales seem unfazed by these developments in the market. Just like has happened for the better part of the year, upcoming cryptos continue to see growing investor interest. Sparklo is one of the cryptos in a presale that is drawing a lot of investor attention. The momentum is so strong that some analysts predict gains of up to 1,500% for Sparklo in the short term.
Sparklo (SPRK) takes aim at the multi-billion precious metals market
Like most blockchain projects, Sparklo is disrupting a major industry for the benefit of the masses. Sparklo wants to make the precious metals market accessible to the average investor. Through Sparklo, even someone with just a few dollars can buy gold, platinum, and other precious metals as NFTs. The best part is that those who buy whole units of NFTs will be able to take ownership of the physical metals they purchase.
Aside from the disruptive potential of Sparklo, investors are the fact that this is one of the few safe crypto presales in the market today. Sparklo has a 100-year lock on liquidity to ensure the founding team doesn’t rug. At the same time, Sparklo’s smart contract is fully audited to ensure that it is free from vulnerabilities that can lead to the loss of investors’ funds.
Most importantly, Sparklo investors are taking advantage of the ongoing presale bonus offer. Sparklo is stage two of the presale and going for $0.036 with an amazing 70% bonus. Anyone who buys Sparklo today is entitled to a bonus of 35% of tokens, which can significantly increase the total tokens held.
Bitcoin (BTC) slides as Binance news hits the market
Bitcoin (BTC) continued to slide after US regulators announced they were going after Binance. Bitcoin (BTC) is trading at under $26k, and selling pressure is rising. Bitcoin (BTC) is also likely to feel the pressure from the upcoming Fed decision on interest rates. Bitcoin (BTC) could see a further slide in the short term if the Fed increases interest rates.
Even as Bitcoin (BTC) increasingly looks risky in the short term, investors increasingly turn to crypto presales. Here, the risks are lower since you are getting in at the basement before exchange trading starts. This explains why excitement around Sparklo is rising despite the increasing uncertainty around Bitcoin (BTC).
Ethereum (ETH) as whale moves 22k ETH
Ethereum (ETH) is under a lot of pressure at the moment. On the one hand, the news around Binance has hit the broader market. Then there is news that an Ethereum (ETH) whale has moved 22k to an exchange and could be selling them off. This is huge as it could signal that those with a significant stake in Ethereum are losing interest in the short term.
As Ethereum (ETH) continues to show weakness in the short term, investors are increasingly looking to crypto presales for gains. Sparklo continues to attract Ethereum (ETH) investors in droves, driven by the potential for thousands of percentages in ROI.
Find Sparklo interesting?
Find out more about the presale with the links below;